Discover Why American Express Centurion Is Snob and Outdated

Discover Why American Express Centurion Is Snob and Outdated

If you ever dreamed of having the American Express Centurion Black Card, it may be too late. In this article, you will discover why American Express Centurion is snob and outdated. Read on!

If you ever dreamed of having the American Express Centurion Black Card, it may be too late. In this article, you will discover why American Express Centurion is snob and outdated. Read on!

The American Express Centurion Black Card, also known informally as the American Express Black Card or just the Black Card, is losing some of its credibility and status. Although it was considered for many years an elite status symbol.

The American Express Centurion Black Card, also known informally as the American Express Black Card or just the Black Card, is losing some of its credibility and status.

There may be around 82, 300 American Express Centurion Card members worldwide, as indicated by the total copies in circulation of Centurion, a publication provided only to cardholders.

In the first place, credit cards have notoriously high-interest rates, and the Black Card is no exception. Why? It is simple, basically, it gives no extra financial benefits to cardholders. 

As regards their reward program, it works similar to other credit card rewards, the Black Card offers one point for every dollar you spend. If you spend more than $5,000 in a single transaction, you’re rewarded with 1.5 points for every dollar.

Furthermore, this exclusive card may reward its members with exclusive benefits, but you’ll pay for the elite status. To establish an American Express Centurion membership, the initial fee is $10,000. Then, you’ll pay $5,000 per year to maintain your status.

Furthermore, this exclusive card may reward its members with exclusive benefits, but you’ll pay for the elite status.

It’s estimated that cardholders on average spend $250,000 or more annually. If your annual credit card spending is in that range, these fees may be worth the value they earn you.

Is it worth it to spend that much money on a credit card? New generations prefer to spend that same amount of money on experiences rather than trying to get some kind of status through a credit card. Because of all these reasons the American Express Centurion is snob and outdated. 

Other cons:

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